Brown & Brown, Inc. (BRO)
Financial Services · Insurance - Brokers · Data as of 2026-10-22
Bottom line
BRO is trading at a discount to its history, in the middle of its recent price range, and recent volume suggests money flowing in. Historically, this combination has been a favourable starting point for further research. Past patterns are not a guarantee of future results.
Valuation — Trading below its usual book-value multiple (Green)
For financial companies we look at price versus book value. BRO trades at 1.9× book value, against its own typical 3.5× while earning a 10% return on equity. One caution: its return on equity is modest, so the discount may be deserved. Its current multiple sits around the 7th percentile of its own last five years — toward the low end of its own range.
Price zones — In the middle of its recent range (Yellow)
At $74.49, the stock sits between its recent support and resistance levels. Over the past year BRO has traded between $53.81 and $90.46; its historical support zone sits near $67.19 and resistance near $90.46. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $53.81–$90.46 · 50-day average $67.19 · 200-day average $66.94
Money flow — Money is flowing in (Green)
Recent trading in BRO shows more volume on rising days than falling days, a pattern often described as accumulation. Volume on up days has been about 1.1× volume on down days over the last 30 sessions.
Dividends & company facts
BRO paid $0.66 a share in dividends over the past year — 0.89% of today's price — and has raised it in each of the last five years. It also bought back shares: $52 million in fiscal 2025, about 0.22% of its market value.
- Dividend yield (12 months)
- 0.89%
- Paid over 12 months
- $0.66 a share
- Payout ratio
- 18.3%
- Buybacks
- 0.22% (fiscal 2025)
- Shares, past year
- +15.7%
- Revenue, 12 months
- $6.9B
- Profit, 12 months
- $1.2B
- Employees
- 22,888
- CEO
- J. Powell Brown
- Headquarters
- Daytona Beach, FL
- Listed since
- 1981 · NYSE
About the company
Brown & Brown, Inc. operates as an insurance brokerage firm, providing a diverse range of products and services throughout the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. The company's operations are strategically divided into four primary segments: Retail, National Programs, Wholesale Brokerage, and Services.
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一句话结论
BRO 相对自身历史处于折价水平，处于近期价格区间的中部，近期成交量显示资金正在流入。从历史来看，这样的组合是一个值得进一步研究的有利起点。过去的形态并不能保证未来的结果。
估值 — 低于其惯常的市净率水平
对金融公司，我们看的是价格与账面价值的关系。BRO 的市净率为 1.9×，而它自身惯常的水平是 3.5×，同时取得 10% 的净资产收益率。有一点需要留意：它的净资产收益率并不高，因此这份折价可能是有原因的。它当前的估值倍数大约位于自身过去五年分布的第 7 百分位——处于自身区间的偏低位置。
价格区间 — 处于近期区间的中部
目前价格为 $74.49，位于其近期的支撑位与阻力位之间。过去一年 BRO 的价格在 $53.81 到 $90.46 之间波动；其历史支撑区在 $67.19 附近，阻力区在 $90.46 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 资金正在流入
BRO 近期上涨日的成交量高于下跌日，这种形态常被称为吸筹。过去 30 个交易日，上涨日的成交量约为下跌日的 1.1×。
股息与公司概况
BRO 过去一年每股派息 0.66 美元，相当于当前股价的 0.89%，过去五年每年都有上调。它也回购了股票：2025 财年回购 5,200万美元，约占市值的 0.22%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.